cheetahwind
Senior Member
- Joined
- Aug 16, 2009
- Location
- Iowa
Editor's note: the casino being discussed here (BitCasino.io) is using pirated NetEnt software and should be avoided like the plague.
I was asked to post an update of when I did receive my funds from my sale of Bit Coins. So here's the story.
Let me first start off saying Bit Coins are not for those are the feint of heart for wanting to move there money around. Mainly because the value of bit coins go up and down frequently. Like I stated in my previous thread, I bought $10.00 worth of Bit Coins. Then it turned into $9.99, then went up to $10.05, then down to $10.01 and back to $10.00. I also bought $5.00 worth of bit coins that had the same similar effect.
How it worked on depositing into the casino was I sent my bit coin purchase to the casino via a unique Bit Coin address they assigned me. Then within a few minutes I got confirmation my bit coin deposit was available. Somehow though during the send my bit coins value had gone up. Leaving me literally a $0.01 worth of bitcoins after making 2 different deposits.
So anywho, I got to play for a bit at a casino called BitCasino.io. They are licensed in Curacao and offer casinos games which you can bid on with Bit Coins.
They offer slots, video poker, video based table games, and even live games such as Blackjack, Baccarat, and Roulette. What interested me the most was being able to play Aristocrat games, even despite me being in the US.
So anywho my first deposit was down the tubes, not terribly fast. It did take me a good solid 20 minutes to loose my $10.00. Yet I was satisfied with my play time. So I made a second deposit of $5.00. This was the one that was a winner. I played a few more games and had a rather nice pay day. I ended up cashing out 0.60 bit coins worth $222.04.
Now because I wanted to play smart, I ended up cashing out only 0.50 bit coins, and leaving the rest in my wallet for play later. Which amounted to $189.04, which after the wallet withdrawal fee of $2.04 I ended up cashing out $187.00.
Now I ended up cashing out with online wallet provider Coinbase, because I had already had them setup with my banking information. As circle the other online wallet I had used. I had not setup with my banking information, mainly because I was only interested in using them for depositing with my bank card.
Anywho I executed the sale on Saturday October 11, 2014. This morning my bank finally confirmed the funds had indeed arrived in full as promised. So it took a little over a week for the sale to happen. Is this a typical sale turn around? I have no idea honestly.
I decided after waiting over a week for Coinbase to execute my withdrawal. I decided that was a bit long especially considering I bank at a national bank and there wasn't any way it should have taken nearly that long to get a deposit put into my account. So my next attempt at a Bit Coin casino will probably result in my trying out Circle for a withdrawal. As I have just given them all of my banking details and will hopefully have that verified within the week.
If anyone has any questions, comments, or concerns feel free to respond. I'm not greatly knowledgeable about this type of currency nor playing atmosphere yet. Yet it feels good knowing the fact that if there was an issue with my transfer that Coinbase was a registered money transmitter and everything was on the up and up with them.
I was asked to post an update of when I did receive my funds from my sale of Bit Coins. So here's the story.
Let me first start off saying Bit Coins are not for those are the feint of heart for wanting to move there money around. Mainly because the value of bit coins go up and down frequently. Like I stated in my previous thread, I bought $10.00 worth of Bit Coins. Then it turned into $9.99, then went up to $10.05, then down to $10.01 and back to $10.00. I also bought $5.00 worth of bit coins that had the same similar effect.
How it worked on depositing into the casino was I sent my bit coin purchase to the casino via a unique Bit Coin address they assigned me. Then within a few minutes I got confirmation my bit coin deposit was available. Somehow though during the send my bit coins value had gone up. Leaving me literally a $0.01 worth of bitcoins after making 2 different deposits.
So anywho, I got to play for a bit at a casino called BitCasino.io. They are licensed in Curacao and offer casinos games which you can bid on with Bit Coins.
They offer slots, video poker, video based table games, and even live games such as Blackjack, Baccarat, and Roulette. What interested me the most was being able to play Aristocrat games, even despite me being in the US.
So anywho my first deposit was down the tubes, not terribly fast. It did take me a good solid 20 minutes to loose my $10.00. Yet I was satisfied with my play time. So I made a second deposit of $5.00. This was the one that was a winner. I played a few more games and had a rather nice pay day. I ended up cashing out 0.60 bit coins worth $222.04.
Now because I wanted to play smart, I ended up cashing out only 0.50 bit coins, and leaving the rest in my wallet for play later. Which amounted to $189.04, which after the wallet withdrawal fee of $2.04 I ended up cashing out $187.00.
Now I ended up cashing out with online wallet provider Coinbase, because I had already had them setup with my banking information. As circle the other online wallet I had used. I had not setup with my banking information, mainly because I was only interested in using them for depositing with my bank card.
Anywho I executed the sale on Saturday October 11, 2014. This morning my bank finally confirmed the funds had indeed arrived in full as promised. So it took a little over a week for the sale to happen. Is this a typical sale turn around? I have no idea honestly.
I decided after waiting over a week for Coinbase to execute my withdrawal. I decided that was a bit long especially considering I bank at a national bank and there wasn't any way it should have taken nearly that long to get a deposit put into my account. So my next attempt at a Bit Coin casino will probably result in my trying out Circle for a withdrawal. As I have just given them all of my banking details and will hopefully have that verified within the week.
If anyone has any questions, comments, or concerns feel free to respond. I'm not greatly knowledgeable about this type of currency nor playing atmosphere yet. Yet it feels good knowing the fact that if there was an issue with my transfer that Coinbase was a registered money transmitter and everything was on the up and up with them.
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